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American Economic Review

Vol. 99, No. 3, June 2009


Front Matter (pp. i-iii)

Articles



The Increasing Returns Revolution in Trade and Geography (pp. 561-71)
Paul Krugman

Bureaucratic Minimal Squawk Behavior: Theory and Evidence from Regulatory Agencies (pp. 572-607)
Clare Leaver

Incentives and Stability in Large Two-Sided Matching Markets (pp. 608-27)
Fuhito Kojima and Parag A. Pathak

Economic Catastrophe Bonds (pp. 628-66)
Joshua D. Coval, Jakub W. Jurek and Erik Stafford

Distributional and Efficiency Impacts of Increased US Gasoline Taxes (pp. 667-99)
Antonio M. Bento, Lawrence H. Goulder, Mark R. Jacobsen and Roger H. von Haefen

Should Urban Transit Subsidies Be Reduced? (pp. 700-724)
Ian W. H. Parry and Kenneth A. Small

Trade, Tragedy, and the Commons (pp. 725-49)
Brian R. Copeland and M. Scott Taylor

Strategic Leniency and Cartel Enforcement (pp. 750-68)
Nathan H. Miller

Optimal Sticky Prices under Rational Inattention (pp. 769-803)
Bartosz Mackowiak and Mirko Wiederholt

The Young, the Old, and the Restless: Demographics and Business Cycle Volatility (pp. 804-26)
Nir Jaimovich and Henry E. Siu

Tricks with Hicks: The EASI Demand System (pp. 827-63)
Arthur Lewbel and Krishna Pendakur

Observational Learning: Evidence from a Randomized Natural Field Experiment (pp. 864-82)
Hongbin Cai, Yuyu Chen and Hanming Fang

Misselling through Agents (pp. 883-908)
Roman Inderst and Marco Ottaviani

Reference-Dependent Consumption Plans (pp. 909-36)
Botond Köszegi and Matthew Rabin

Evolution of Time Preferences and Attitudes toward Risk (pp. 937-55)
Nick Netzer

Cooperation and Competition in Intergenerational Experiments in the Field and the Laboratory (pp. 956-78)
Gary Charness and Marie-Claire Villeval

Cooperation among Strangers under the Shadow of the Future (pp. 979-1005)
Gabriele Camera and Marco Casari

Shorter Papers



Under the Weather: Health, Schooling, and Economic Consequences of Early-Life Rainfall (pp. 1006-26)
Sharon Maccini and Dean Yang

Anchoring Effects: Evidence from Art Auctions (pp. 1027-39)
Alan Beggs and Kathryn Graddy

On the Welfare Cost of Inflation and the Recent Behavior of Money Demand (pp. 1040-52)
Peter N. Ireland

Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (pp. 1053-69)
Lutz Kilian

Exclusive Dealing and Entry, When Buyers Compete: Comment (pp. 1070-81)
Julian Wright

Corrigendum: Women, Wealth, and Mobility (page 1082)
Lena Edlund and Wojciech Kopczuk

Independent Auditor's Report (pp. 1083-1091)